Why Aurora Cannabis Stock Is Tanking Again Today [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Why Aurora Cannabis Stock Is Tanking Again Today The Canadian cannabis producer delivered much worse-than-expected fiscal 2020 first-quarter results. Aurora Cannabis ( NYSE:ACB ) shares were tanking 8.8% lower as of 10:03 a.m. EST on Friday after falling as much as 17.3% earlier in the morning. This marks the second consecutive day of double-digit declines for the Canadian marijuana stock. Thursday's drop came as investors anticipated bad news with the company's fiscal 2020 first-quarter results. Those results, announced after the market closed yesterday, were even worse than feared, prompting the continued sell-off today. Were Aurora's Q1 results bad enough to warrant such a big sell-off? The extent of how low the stock should go is debatable, but the results were really bad. Aurora posted Q1 total net revenue of 75.2 million in Canadian dollars. This was a 24% decline from fiscal 2019 Q4 and a lot less than analysts expected. The company saw net revenue in the Canadian adult-use r
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ACB
News
- Aurora Cannabis (ACB) Moves 46.0% Higher: Will This Strength Last? [Yahoo! Finance]Yahoo! Finance
- Canadian cannabis stocks spike as U.S. reportedly set to reclassify marijuana [MoneySense]MoneySense
- MSOS: Best Play On U.S. Cannabis Regulations [Seeking Alpha]Seeking Alpha
- Aurora Improves Offerings in Australia with New Range of Premium Dried Flower Products [Yahoo! Finance]Yahoo! Finance
- Aurora Improves Offerings in Australia with New Range of Premium Dried Flower ProductsPR Newswire
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 5/1/24 - Form 6-K
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- ACB's page on the SEC website